India gets 15 mn new telephone connectionsSeptember 23rd, 2009 NEW DELHI - The growth in the addition to India's telecom subscriber base soared in August, after declining consistently since March. While March saw a record 15.87 million new phone connections to take India's telecom density to nearly 40 percent, growth in additions had fallen to between 11-12 million a month between April and July.
China Unicom, Spain's Telefonica expand alliance with $1 billion share exchangeSeptember 7th, 2009 China Unicom, Spain's Telefonica expand allianceBEIJING — Spanish phone company Telefonica SA and China Unicom Ltd., one of China's three main state-owned carriers, say they will expand a strategic alliance and buy $1 billion worth of each other's shares. The companies said they will cooperate in development of technology for mobile phones, providing services to multinational customers and other areas under the agreement signed Sunday.
Uniform licence fee for telecom operators soonAugust 31st, 2009 NEW DELHI - The government is mulling a uniform licence fee for various services offered by telecom operators, a top official said here Monday. "The DoT (Department of Telecommunications) is considering implementing a uniform licence fee," said Telecom Secretary Siddhartha Behura at a conference organised by the Internet Service Providers Association of India.
China Mobile says first-half profit up but growth slows amid competition, economic slumpAugust 20th, 2009 China Mobile first-half profit up 1.4 percentBEIJING — China Mobile Ltd., the world's biggest phone company by subscribers, said Thursday its first-half profit rose just 1.4 percent from a year earlier as growth slowed due to competition and an economic slump. Profit for the six months ending June 30 was 55.3 billion yuan ($8.1 billion), the Beijing-based carrier said.
Telecom Italia 1H net profit drops 17 percent due to shrinking customer base, handset salesAugust 6th, 2009 Telecom Italia 1H down 17 percentMILAN — Telecom Italia SpA says first-half net profit dropped 17 percent from a year earlier because of a shrinking customer base, lower handset sales and regulations limiting termination fees on mobile phones. Italy's largest telecommunication operator said Thursday that net profit in the period that ended June 30 was euro964 million ($1.38 billion), compared with a restated euro1.1 billion a year earlier.
Global IT spending to dip 6 percent in 2009: GartnerJuly 7th, 2009 NEW DELHI - The global spending on IT is expected to dip six percent to $3.2 trillion in 2009 from $3.4 trillion in the previous year, a report released here Tuesday said. According to the forecast made by Gartner Inc, a leading global IT research and advisory company, the economic situation combined with the effect of exchange rate movements has resulted in continued weak IT spending.
Global IT industry grows 8 percent in 2008, India strugglesJune 9th, 2009 NEW DELHI - The IT industry worldwide grew by an estimated 8.2 percent in 2008 because of a good six to eight months of business as usual despite the meltdown, though Indian exporters took a beating, leading IT market researcher and consultancy Gartner said Tuesday. The industry recorded a revenue of $806 billion in 2008 against a turnover of $745 billion in 2007.
Much rides on Palm's new Pre smart phone, both for handset maker and wireless carrier SprintJune 2nd, 2009 Much riding on success _ or failure _ of Palm PreNEW YORK — When Palm Inc.'s and Sprint Nextel Corp.'s latest bundle of smart phone joy, the Pre, arrives Saturday, it will be entering an increasingly crowded market backed by parents that have a lot riding on its success. The Pre — which costs $200 with a two-year service plan and rebate — might be most important to Sunnyvale, Calif.-based Palm, the very company that helped usher in the handheld computing era with the original Palm Pilot in 1996.
Indian telecom industry grew 24 percent to top $24 bn: SurveyJune 1st, 2009 NEW DELHI - Despite the overall slowdown and driven by unprecedented demand for mobile phone connections, the Indian telecom equipment industry grew 20 percent last fiscal to top $24 billion in revenues, says a new survey. Interestingly, though, the market for mobile and fixed-line handsets grew just 6 percent because of crashing prices and focus on rural market, said the annual survey by Voice and Data, a telecom industry journal of CyberMedia group.
'Telecom equipment industry grew 20 percent in 2008-09'June 1st, 2009 NEW DELHI - India's telecom equipment industry reported 20 percent growth in revenues at Rs.114,527 crore ($24 billion) in 2008-09, compared to 24 percent rise recorded the year before, an industry survey said Monday. The survey was conducted by Voice&Data, the flagship telecom magazine of Cybermedia.
Taiwan's Acer says first-quarter profit drops 31 percent amid global slowdownApril 29th, 2009 Taiwan's Acer says quarterly profit sinks 31 pctTAIPEI, Taiwan — Taiwanese computer giant Acer Inc. said Wednesday its first-quarter profit declined 31 percent over the same period in 2008 because of contracting revenue for its products amid the global slump.
China Mobile 1Q profit up 5.2 percent but growth slows amid financial crisis, competitionApril 20th, 2009 China Mobile quarterly profit up 5.2 percentBEIJING — China Mobile Ltd., the world's biggest phone company by subscribers, said Monday its first quarter profit rose 5.2 percent but growth slowed due to China's economic slowdown and stronger competition. Profit for the three months ended March 31 was 25.2 billion yuan ($3.7 billion), compared with 24 billion yuan for the same period last year, the Beijing-based company said.
China Telecom 1Q profit down 27.4 percent as demand for fixed-line service dropsApril 20th, 2009 China Telecom 1Q profit down 27.4 percentBEIJING — China Telecom Ltd. said Monday its first quarter profit plunged 27.4 percent as demand for traditional fixed-line telephone services weakened.
Indian media, entertainment industry seen at $21 bn by 2013February 16th, 2009 MUMBAI - The Indian media and entertainment business that grew 15 percent annually since 2006 into a $11.68-billion (Rs.584 billion) industry in 2008 is seen to top $21 billion over the next five years, says a joint study by a leading chamber and a consultancy released Tuesday. But the growth projection for the industry for 2009-13 has been lowered to 12.5 percent per annum from 18 percent predicted earlier for 2008-12, due to current economic meltdown, adds the study by the Federation of Indian Chambers of Commerce and Industry (FICCI) and KPMG.
Rural India key growth driver of telecom industryFebruary 11th, 2009 NEW DELHI - Rural population is the key growth driver of India's telecom industry though 'affordability still remains a key issue', said a study released here Thursday. According to the study by LIRNEasia, and information and communication technology policy organisation, 27 percent of the total mobile owners at the bottom of the pyramid (BOP), or the poorest socio-economic group, were added last year, whereas the urban areas added only 19 percent.
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